A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    Federal Bank Plot Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.57% - 9.82% Fixed
    3,000 to ₹7,500 + S.T. One time fee
    15Crs Max
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Fees & Charges
    Good to Know
    Eligibility Criteria


    Plot loans are loans provided for a vacant plot or plots for subsequent house construction, although the terms of a plot loan are similar to a home loan. Plot loans can only be availed for a residential plot within corporation or municipal limits.

    Plot Loan at Federal Bank is offered to all resident individuals from salaried to self-employed as well as business people. You can avail a Federal Bank plot loan in the following ways:

    • By downloading the plot loan application form, filling it and physically submitting it to the respective branch.
    • You can also dial the customer care and speak to the contact centre executives and initiate the process of plot loan.
    • You can also visit any branch of the Federal Bank and request for an application form, take assistance from them and avail a plot loan as required.

    Features of Federal Bank Plot Loan:

    Federal Bank Plot Loan has the following features:

    Quick Loan Approval: The bank ensures a speedy process of loan approval, cutting down on the wait period for approval.

    Minimum Documentation: Federal Bank does not give you a long list of documents to be submitted along with the plot loan application form.

    Loan Amount: Borrowers can avail a plot loan up to Rs.25 lakhs. A 40% margin cost is applied where it is a part of land cost as mentioned in the sale deed, stamp duty as well as registration charges.Upto 60% of the plot’s value can be covered in the plot loan from Federal Bank.

    Interest Rate: Interest rate of the Federal Bank Plot loan is calculated using the MCLR method where the marginal cost of funds of the bank, operating costs, tenor premium and negative carry on CRR (Cash Reserve Ratio) is considered.

    The final lending rate of the loan is calculated by adding the MCLR and spread. The MCLR set on the loan disbursal day is applicable until there the rates are reset.

    Loan Repayment: Federal Bank plot loan comes with a repayment period of 60 months. The loan can be repaid via easy EMIs. The various repayment modes that can be opted for, are:

    • Through cheques - You can make loan repayments by depositing a cheque every month against the loan.
    • Internet banking or FedNet - Using Federal Bank’s 24 hour virtual internet banking service, you can make your loan repayments with the click of a button.
    • Automated Payment using ECS where payment is initiated via the electronic clearance service where funds are transferred electronically.
    • By giving standing instructions at the respective branch, you can assign a monthly amount for loan repayment and this way you do not have to worry about remembering it every month.
    • Mobile banking - Federal Bank offers mobile platforms for making online payments such as FedMobile, FedBook and Scan N Pay.

    Security: The plot serves as the security for the loan and as interim security for 100% of the loan value.

    Documents required for Federal Bank Plot Loan:

    The following documents are required when applying for a Federal Bank Plot Loan:


    • Identity proof such as Passport, Driving License, Voters ID or PAN Card.
    • Residence proof namely electricity bill, ration card, telephone bill, lease agreement or sales tax certificate.
    • Most recent bank statement of 6 months.
    • Title deed of the plot.
    • Land tax receipt.
    • Any other documents if instructed by the bank.


    1. What is the maximum plot loan value that I can get from Federal Bank?

      Federal Bank grants plot loan of maximum value of Rs.25 lakhs.

    2. What are my repayment options for a plot from Federal Bank?

      You can make loan repayments via Equated monthly Installments (EMIs) through cheques, internet or mobile banking, automated payment through ECS or standing instructions to your bank branch.

    3. What can I give as ID proof when applying for Federal Loan Plot Loan?

      Passport, Driving License, PAN card or Voter ID can be given as ID proof when applying for a plot loan.

    4. What are the land related documents that I will have to submit to the Federal Bank when applying for a plot loan?

      Title deed of the land, the tax receipt of the land are few of the documents required to be submitted, along with any others if requested by the bank.

    5. How can I contact the customer care in case of complaints or grievances related to the loan?

      You can leave your number on the website, contact the customer care, connect through video chat or write to the bank in case of any complaints or issues regarding Federal Bank plot loans.

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